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Saturday, April 10, 2010

Friday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for April 12, 2010. Also, check out some of the biggest stock gainers of the Day. You can also find previous stocks to buy reports - Right Here

Radient Pharmaceuticals Corporation (RPC) - Shares of Radient Pharmaceuticals Corporation continued to rip higher on Friday. RPC broke through resistance located at $1.37 as well as $1.62. The stock failed at $2.20 and then crashed going into the close. Resistance on Monday is located between $1.62-$1.66.

Ambac Financial Group, Inc. (ABK) - Shares of Ambac Financial Group, Inc. came back from the dead as the company reported a quarterly profit on Thursday night. Ambac hit $1.19, just shy of $1.20 resistance in early trading on Friday. Keep an eye on ABK next week, If $1.20 is broken, this stock could start a new leg higher.

SIRIUS XM Radio Inc. (SIRI) - Shares of SIRIUS XM Radio broke $1.00 in early trading on Friday but then pulled back again. A close above $1.00 would be bullish and I think we could see another 10-15% gain on top of that shortly after. Pullbacks between $0.90-$0.92 are a strong buy. After $1.00, Sirius XM Radio doesn't have resistance until $1.18.

Samson Oil & Gas Limited (SSN) - Shares of Samson Oil & Gas Limited are still high on my radar after the company announced a positive well drilled in the Bakken Shale oil field on Tuesday. An update could come out at any time. Resistance on the upside is located at $0.86.

American Intl Group, Inc. (AIG) - Shares of American Intl Group, Inc. broke $40 for the first time in 2010 on Thursday. After a strong pullback, AIG is trading at $39 on Friday afternoon. Resistance is located at $40.80 & $41.80.

Somaxon Pharmaceuticals, Inc. (SOMX) - Shares of Somaxon Pharmaceuticals, Inc. continue to be the hottest stock in 2010. Somaxon Pharmaceuticals has resistance located at $9.10. I plan to buy when that price is broken.

DryShips, Inc. (DRYS) - Shares of Dryships Inc broke $6.48 on Friday which is very bullish. The trend higher continues! Expect some major shorts to start covering if Drys breaks $7.00.

Research In Motion Ltd. (RIMM) - Shares of Research In Motion Ltd. has resistance at the 50 day moving average located at $70.82. Support on the downside is located at $69.25 & $67.12.

Bank of America Corp (BAC) - Shares of Bank of America Corp didn't move much on Friday but they still remain on track to breaking my target of a new 52 week high. Keep an eye on resistance located at $19.08.

Direxion Daily Financial Bear 3X Shares (FAZ) Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS is on It's way to $111 resistance.....this is an area you may want to think about getting back into FAZ for the summer. Owning FAZ would atleast hedge your portfolio if you are sitting on a lot of profits in financial stocks. If the Dow breaks 11,000, I would not buy FAZ but I would continue to trade FAS. After $111, I don't see anything until $118-$120

Alcoa, Inc. (AA) - Shares of Alcoa, Inc. were subject to another downgrade on Friday. Earnings are due out after the bell on Monday but as long as the stock remains above $13.90, I like it.

Goldman Sachs Group Inc. (GS) - Shares of Goldman Sachs Group Inc. failed at $181.43 on Friday. This is a resistance level to watch out for in the future. I like pullbacks below $172 as a buy.

Cell Therapeutics, Inc. (CTIC) - Shares of Cell Therapeutics, Inc. are hovering in the $0.60's ahead of the FDA meeting due out at the end of April. Anyone who is buying in right now is probably going to hold into the FDA event

Advanced Micro Devices Inc. (AMD) - Shares of Advanced Micro Devices have resistance located at $9.74 & $10.04. When these two prices are broken, the stock could really rip higher!